President #Trump to stop free money flowing to insurance companies under #Obamacare

President Donald Trump will “immediately” halt payments to insurers under the Obama-era health care law he has been trying to unravel for months.

The Health and Human Services department made the announcement in a statement late Thursday night. “We will discontinue these payments immediately,” said acting HHS Secretary Eric Hargan and Medicare administrator Seema Verma.

In a separate statement, the White House said the government cannot legally continue to pay the so-called cost-sharing subsidies because they lack a formal authorization by Congress.

However, the administration had been making the payments from month to month, even as Trump threatened to cut them off to force Democrats to negotiate over health care. The subsidies are free money the government pays to insurance companies to keep them in the marketplace.

Millions of people, many who are in California, benefit from this taxpayer giveaway.

Source: Trump to halt subsidies to health insurers | The Sacramento Bee

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One comment

  1. Millions of people, many who are in California, benefit from this taxpayer giveaway.

    That means that the other 49 states are subsidizing Kalys Socialsim.. It’s time for Kaly citizens to step up like the rest of the nation and start paying for their fair share of goverment.. That means, you will be able to buy a health plan that is taylored to your needs and not have you paying for elder care and elders paying for babies.
    Thank You President Trump MAGA !!

    Like

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